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Swedencare

Swedencare

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Swedencare AB (publ) has completed the British acquisition which was made public on September 24[th] 2020

14:00 / 1 October 2020 Swedencare Press release

Swedencare AB (publ) has today gained access to the business of Nutravet (UK) Limited which was acquired on September 24th 2020. The company, founded by Matthew Shaw in 2008, is today Britain's leading "exclusive-to-vet"-concept with thousands of veterinary clinics and animal hospitals as direct customers. The purchase price amounts to approximately 375 million SEK and consists of a cash amount of approximately 281 million SEK and a directed new share issue of 580 769 shares in Swedencare to the seller.

For more information about the acquired business, please see press release from September 24[th] 2020 when the acquisition was made public. 

About Swedencare Swedencare develop, produce, market, and sell premium products on the global and fast-growing market within animal healthcare for cats, dogs and horses. The product groups ProDen PlaqueOff®, Stratford and NutriScience are represented on approximately fifty markets in all parts of the world, including the headquarter in Malmö, Eight subsidiaries in the Nordics, United States, France, Spain, Greece, Great Britain and Ireland and through an external distribution network. Swedencare's sales have increased significantly over the last few years with strong margins and results. The board of directors and the management have a wide and extensive experience of international marketing and sales.

The information was submitted for publication, through the agency of the contact person set out above, at 2:00 p.m. CET on October 1st, 2020.

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